11:41 - 16.10.2025

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October 16, Fineko/abc.az. As of September 1, 2025, the state-guaranteed debts of state-owned companies amounted to 10.727 billion manats, ABC.AZ reports, referring to the medium-term expenditure forecast for the next 4 years published by the Ministry of Finance.

According to the document, this figure made up 8.3% of GDP.

Of this amount, 87.6% are state guarantees issued on loans raised in foreign currency ($5.526 bn), and 12.4% are state guarantees issued on loans raised in national currency (1.332 bn manats).

The volume of Azerbaijan's state-guaranteed debts decreased by 786.7 million manats versus Jan-Aug 2024.

"The state guarantees issued on behalf of Azerbaijan are basically state guarantees issued to state-owned enterprises for borrowed funds. As a long-term mitigation measure, it was decided to introduce corporate governance standards by improving the management system of portfolio companies transferred to the management of public law entities Azerbaijan Investment Holding and Azerbaijan Transport & Communications Holding (AZCON), as well as a number of state-owned enterprises attracted as borrowers under state guarantees and are being undertaken. appropriate steps for their full recovery by strengthening control over their expenses and optimizing risks,» the document says.